UNI Token Surges 14.64% as Uniswap Grant Program Fuels DeFi Optimism and Record $1.33B Volume

Uniswap's UNI token experienced a notable price increase in the past 24 hours, rising 14.64% to $8.254 (Binance data), driven by renewed optimism in the DeFi sector and the announcement of the Uniswap Foundation's Hook Design Lab grant program to support DeFi infrastructure. This surge follows a breakout from a prolonged downtrend, with UNI clearing key resistance levels and attracting high trading volumes, which reached over $1.33 billion in the last day. The positive momentum is further supported by strong performance in the broader Ethereum ecosystem and heightened investor confidence in Uniswap's position as a leading decentralized exchange. UNI is currently ranked 21st by market capitalization, with a circulating supply of approximately 599 million tokens.